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Akzo Nobel (NASDAQ:AKZOY) was downgraded by stock analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports.

Akzo Nobel (NASDAQ:AKZOY) traded down 2.00% during mid-day trading on Friday, hitting $24.04. 47,239 shares of the company’s stock traded hands. Akzo Nobel has a one year low of $18.39 and a one year high of $28.08. The stock has a 50-day moving average of $25.18 and a 200-day moving average of $22.95. The company has a market cap of $17.478 billion and a P/E ratio of 24.05.

AKZOY has been the subject of a number of other recent research reports. Analysts at Barclays downgraded shares of Akzo Nobel from an “equal weight” rating to an “underweight” rating in a research note to investors on Thursday, January 23rd. Analysts at JPMorgan Chase & Co. upgraded shares of Akzo Nobel from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, November 8th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Akzo Nobel presently has a consensus rating of “Hold”.

Akzo Nobel N.V. (NASDAQ:AKZOY) is a global paints and coatings company and a producer of specialty chemicals.

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